Amazing Short Selling Soup Recipe – National Expert Spills His Guts and Reveals
Find out why lenders take less than what’s owed and forgive the mortgage balance. Multiple loans and the more upside down the property is, the easier it is to make a short sale and the higher the discounts. A guaranteed positive foreclosure resolution for all parties, and I’ll explain why.
Learn how a beginner can have a complete package shipped the same day and an accepted offer within 30 days, eliminating all outstanding obligations. I know this may sound silly, but stick with me and I can explain how.
Earn incredible returns for real estate investors and groundbreaking super buys for families looking to realize a lifelong dream of purchasing a new primary or secondary home and/or retirement investments. A total illumination of short sales. An honest and treasured collection of trusted and protected secrets that some ex-bank underground mitigators have secretly shared with me.
Gain valuable insights and appreciate why our competitors think I use methods that some may believe are “illegal”. Rather it is simply using an unfair handicap gained by very diligent searching to uncover the underlying mystery. The proven methods demonstrate sheer simplicity and straightforward truth. This guy really knows what he’s talking about. No dilly-dallying or sugar coating.
Get access to many loss mitigators with your private faxes and phone lines along with personal emails. Get immediate access. Find out how to turn these highly prized discount properties into gold mines.
Understand how to get the bank to call you back and share other profitable offers with you. Tips that the bank will openly share and that will help increase your profits every time. The bank wants you to successfully complete the short sale and come back for more. Find out why they want to work with you.
You cut it anyway, a sure winner for all parties involved. A true win-win and everyone gets what they want. A true revelation.
Today all the hype is mostly due to a sluggish real estate market and foreclosures too, but very little to short sales. Apprentice to a renowned master.
Are you thinking… yes, I heard about them, but I really didn’t want to fool around and ask. Well, you are not alone. Even many real estate agents don’t know it either, until…the short sale deal is completed and they get their commission check, and they are “all ears”. How did that happen so fast?
Until then I knew how to be creative, but when I heard the term foreclosure or bankruptcy, I said, “I’ll pass.” He knew enough to be ignorant and common sense to “pass it on”. I admitted that I knew very little at the time.
As one of my first rent-to-own offers started “going south”, I thought I’d better call the seller’s bank and see “what the heck is going on”.
That was my first brush with a foreclosure. The lady at the bank (a “gruff” lady) proceeded to clear it up for me. She then calmed me down and explained exactly what she wanted and what she had to do if she wanted a “good deal”.
She explained that the bank was not interested in being in the real estate business. The best thing for the bank was to get me a good discount on the liquidation of what the seller of the property owed (I only had the option to buy the property).
I followed his advice and was able to make my first short put transfer (ie “flip”) and not only recouped the $15,000 in profit I thought I was about to lose to foreclosure, but was actually able to increase the earnings to $25,000.
Not bad for stumbling unguided through a dark and cloudy maze of the unknown.
There were very few books and tapes at the time, and I never heard of a “boot camp” except in my military days. In a way, I made a “hob” and slowly made sense of it. He was a slow learner, but very persistent and determined.
Since that moment of awe, I have attended many seminars, bought a few courses, and read everything I could get my hands on. In the meantime, I have successfully completed hundreds of short sales and saved many homeowners from the brink of foreclosure and made thousands of dollars in profit for my efforts.
In fact, I completed four short sale deals in one day. I must say, a very busy but very profitable one, I made over $150,000 in one day. Smiling brightly.
The only thing I found very enlightening was the fact that I learned something here and there, I truly believe that most gurus and book writers have never completed a short sale transaction. All the textbook theory that reads well but doesn’t really work. Trust me, I read them all.
Describe how to swim, but you can’t tell me what the water feels like.
I asked a well known guru several questions at an event and he admitted that he didn’t have the answers and that he had never really completed many sales and his income comes from speaking. He laughed and said that he would call me when he was really ready to make short sale offers. “I like your way better.”
Enough of telling stories. Getting back to the short sales business. Let me explain what a short sale is. First I’ll start with a typical sale.
When a property owner decides to sell a property, the closing attorney calls the bank and requests a settlement amount to satisfy the mortgage. That amount is included as a line item on the settlement sheet, HUD-1.
That payment number is subtracted from the sales price less any other normal and reasonable expenses, and the seller usually walks away with a check for the difference. A happy day for the seller with money in hand and the property sold.
This is the scenario most of us are familiar with, and it often happens.
Now, this is where “the rubber meets the road”, and where my invaluable experience separates the goers from the wannabes, plain and simple.
However, when the property owner wants to sell the property and now, for a combination of reasons, owes more than the property is worth, what options does the seller have now? Under typical circumstances, many do act quickly.
In most cases like this, the seller believes there is no hope and usually walks away from the property and, by default, is repossessed by the bank through a foreclosure action.
It becomes an REO (bank owned real estate) property and is resold at a fraction of the original loan value. If the seller had been diligent?
It stands to reason that if you can’t pay the exact amount of the mortgage, what other options might be available to the seller? we’ll see???
A relatively unknown option is to negotiate a SHORT SALE.
A short sale is a term used by the bank whereby they will give the borrower a payment amount that is less than what is actually due. That’s right, for less than what’s owed, including closing costs and real estate commissions.
Example… if they owe $100,000, would the bank accept $85,000? That’s right… only $15,000 in savings, enough to sell now.
If that were the case, then a homeowner who owes more than the property is worth could complete the sale of the property with a short sale. The revised sales price would now be equal to or less than market value.
Why the hell would a bank even want to consider this discount?
Eliminate future maintenance costs until the property is sold.
The longer a property is not sold, the more its value continues to decline.
The bank realizes that there is a buyer ready to close now.
The bank is not and does not want to be in the real estate business.
The bank does not make money on bad loans.
The bank only makes money when the borrowers are paying back the loans.
It’s the best of the worst. No other options.
· It is best seen in the report to shareholders.
Stop chasing the good money after the bad. Stop the bleeding.
Now, coupling this with the current economic situation, the number of foreclosures has absolutely multiplied. Some counties average more than 100 foreclosures per day combined with a 25% decline in property values, a property inventory backlog of more than 3 years, and low monthly sales.
All of these situations are creating tremendous opportunities for real estate buyers and investors. A 3-4 year supply to choose from and low savings pricing lead to a true “buyer’s market”.
A buyer can find super super value on a new home for up to 50% off market value. A real estate investor can flip it over, trade it in, or fix it up and rent it out, then resell it at a big profit later when the market picks up.
As you can see, a short sale can create “registration bottleneck” for many sellers who would otherwise lose their homes to foreclosure. Also, it becomes a golden opportunity for buyers, real estate agents and related service industries and for people like you and me.
Me? You’re saying, what do I know about short sales?
This national expert is spilling his guts and revealing many secrets. I am ready to show you how to trade these highly profitable short sale offers that will be beneficial to all parties.
Learn how to complete these highly profitable deals quickly so you can start helping these sellers and buyers while earning thousands of dollars for applying your new efforts.
A few years ago, I had an associate who asked me if I could teach her friend so she could learn how to make short sale offers. I agreed to coach her on a 50-50 split. On her first deal, the total win was $79,750. Beginners luck!
I have collected all my many years of successful short sale offers, including all the necessary forms, scripts, and everything else you need to get started and have a highly profitable business in a short period of time.
You can start part-time by working a few hours a week and work your way up to full-time. One hour a week can easily earn you $10,000 a month.
Learn how to find sellers and buyers and what to say and do. Copies of many attractive advertisements and scripts. Paint by numbers.
Everything is written so that even a seventh grader can understand it. Detailed instructions show how to do and say everything correctly. Every sheet of paperwork has been legally tested and verified.
No boot camps, tapes, videos, or graduate manuals written in “Greek” by an anal PHD who had formally issued insurance policies.
Free, easy and understandable SHORT SELL techniques that “jump off the page” immediately into action and quickly followed by your first profit check. Better notify your bank to prepare for your frequency of deposits.
There has never been a better time in history to get involved in this limitless opportunity. There is no greater joy in life than helping others.
These sellers are asking for help to get out of these foreclosure situations. Banks are eager to quickly resolve these delinquent mortgages and buyers are really looking for great savings on their new home purchase. And you are looking for…? Thought so.
My wife thinks I’m crazy for telling everyone my hard-earned secrets and that I should leave him alone. Do you know how well men hear?
I have done so many things in life and the best things that continue to overflow in my memory bank are those services that one does to help others. And may my friend give my heart the greatest joy of him.
Well for now all this cool stuff is available. But… if I were a smart man and listened to my wife… You’d better understand before I start listening.